can someone please xplain tier1 and tier2 capitl in simple terms?
Lesser no of reviews indicates so-so interviews .... i experienced a very unprofessional panel (damm luck)....still confused what happened ??
PM Narendra Modi's Jan Dhan Yojana enters Guinness Book of World Records:-
A record number of 11.50 crore bank accounts have been opened under Pradhan Mantri Jan Dhan Yojana, PMJDY, as on 17th January this year.
Briefing media in New Delhi this evening, Finance Minister Arun Jaitley said, Guinness book of World Records have also recognised the achievements made under PMJDY.
He said that exclusion of a large number of people from any access to financial services inhibits the growth of our country. Highlighting the achievements made under Pradhan Mantri Jan Dhan Yojana (PMJDY), the biggest financial inclusion initiative in the world, the Finance Minister Shri Jaitley said here today that against the original target of opening bank accounts for 7.5 crore uncovered households in the country by 26th January, 2015, banks have already opened 11.50 Crore accounts as on date 17thJanuary 2015 after conducting survey of 21.02 Crore households in the country. The Finance Minister Shri Jaitely said that Guinness Book of World Records has also recognized the achievements made under Pradhan Mantri Jan Dhan Yojana (PMJDY) and has given certificate stating that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the Department of Financial Services, Government of India from 23rd to 29th August, 2014." He said that the coverage of 99.74% of the surveyed households has been achieved. The Finance Minister Shri Jaitely further said that the survey was conducted in about 2.27 Lakh Sub Service Areas (SSAs) in rural areas and wards in urban areas in a record time of 4 months. He said that out of the accounts opened, 60% are in rural areas and 40% are in urban areas. Share of female account holders is about 51%, the Minister added.
A big doubt!
In application form I have mention HDFC Bank as my employer for three months. But they mention clearly that they don require NOC from private organisation right??
My bank is not used to providing NOC!!
Also I hav mention 3 months work-ex starting from may. So should I resign and bring Leaving letter or shud I bring NOC (If required)??
Suppose I take a loan of Rs.10000 from a bank and keep my plot of land as mortgage. So now, what the bank does with the plot of land till my loan is over? (I am paying my EMIs regularly). Someone please explain.
cloud services offer karne hetu , servers aur technical swag ke liye capital loan evam bijli,pani ka bil, workers ka salary pay karne ko working capital loan milega bank se ?
Can anbdy plz help me with online free edition (epaper) of The Hindu newspaper??
Economic Activities-
The economic activities in our country are classified into three sectors- 1.The Primary sector - Agriculture, Forestry, Animal Husbandry, Fishing, Poultry farming, and minig. 2. The secondary Sectot- Qyarruing and manufacturing. 3. The tertiary Sector- Trade, Transport, communiction, banking, IT, healt , Tourism, Insurance and all kind of services are included in the tertiay sector. The activities performed under this sector lresults in the productin of goods and services thus adding to the National income. This activities collectively are knows as economic activities. they have two parts - 1. market actvities and 2.Non-market activities. Market Activities involve Renumeration to anyone who performs i.e. activity performed for pay or profit. this include production of goods and services. Where as Non-market activities involvle the production for self use. These can be consumption and procèssing of primary products and on own account production of fixed assets.
Noida Candidates ,,, Plz share your interview experience. 😃
Weakness? 😑
My Interview experience
20th Jan Bank of Maharashtra, Fort Mumbai
1.00 pm Panel I
I reached venue at 12.30 pm. Document verification started at 1.00 pm and it took 15 min for doc verification......mine was 9th no. in the list and my interview turn came at 3.50 pm
I entered room greeting all panel members
they asked to have a seat
M1 - Nilesh tell us about yourself ?
me - explained with end as "being management student I opted to go for bank job"
M2 - Nilesh Mechanical is very core branch of engineering, don't you think you have more scope in that ?
me- you are right sir mechanical is core branch and have more scope but bank is the only sector which anchors financial and economical health of country and hence prospect of this sector is growing huge than any other sectors also India being a huge demographically divided country, we are yet to reach every nook and corner of country in terms of financial literacy, so I would like to contribute for the same and grow simultaneously.
M3 - what is NABARD and it functions ?
me - explained
M3 - went in details of NABARD
Me- was not able to answer one of his question, so i said sorry sir i don't know about it and i need to go through it thoroughly.
M4 - what is name of book on Sachin after his retirement ?
Me- Sir I have read about but not able to recollect at the moment, Sorry sir.
M5 - what is banking ? NEFT RTGS ?
me - explained
M5 - when RTGS started?
me - sorry sir I don't know.
M1 - asked me question about the organisation I am currently working in...that is who are customers of your company?
me - explained
M2- What is RTE ?
me- explained in details.
then they said thank you Nilesh.
I greeted them and came out of room.
I was not able to ans few questions but what questions I have answered were right and to the point. let us see...fingers crossed
That was my interview experience friends......ATB friends.
Nilesh
What is Basel Norms ?
Bureau of International Settlement (BIS) headquarters at Basel, Switzerland has appointed a committee to supervise and to set some standards for International Banks. This committee is known as Basel Committee on Bank Supervision (BCBS). The rules and regulations for Banks issued by this committee were called Basel Norms / Accords. There are three Basel Norms, namely Basel I, II and III.
Basel I Accord : This was issued in 1988. This accord focused on the capital adequacy of financial institutions. Banks that operate internationally are required to have a risk weight of 8% or less. India adopted Basel I Norms in the year 1999.
Basel II Acord : This is the second of the Basel Accords, published in the year 2004. This consists of the recommendations on Banking Laws and Regulations issued by BCBS.
Basel - II norms are based on 3 pillars:
a.)Minimum Capital - Banks must hold capital against 8% of their assets, after adjusting their assets for risk
b.)Supervisory Review - It is the process whereby national regulators ensure their home country banks are following the rules.
c.)Market Discipline - It is based on enhanced disclosure of risk.
Basel III Accord :
Basel III guidelines were released in the year 2010. This is to enhance the banking regulatory framework. It builds on the Basel I and Basel II documents and seeks to improve the banking sector's ability to deal with financial and economic stress, improve risk management and strengthen the banks' transparency.
It is widely felt that the shortcoming in Basel II norms is what led to the global financial crisis of 2008. That is because Basel II did not have any explicit regulation on the debt that banks could take on their books, and focused more on individual financial institutions, while ignoring systemic risk. To ensure that banks don't take on excessive debt, and that they don't rely too much on short term funds,
Basel III norms were proposed in 2010. - The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity. - Requirements for common equity and Tier 1 capital will be 4.5% and 6%, respectively. - The liquidity coverage ratio(LCR) will require banks to hold a buffer of high quality liquid assets sufficient to deal with the cash outflows encountered in an acute short term stress scenario as specified by supervisors. The minimum LCR requirement will be to reach 100% on 1 January 2019. This is to prevent situations like "Bank Run". - Leverage Ratio > 3%:The leverage ratio was calculated by dividing Tier 1 capital by the bank's average total consolidated assets... ATB 👍
hi friends i have made a blunder.those who went through last years interview process please reply....my year of passing in application form( i have mentioned 2012 when we completed 8th sem ) but got the degree certificate 1 year later(date printed 2013) Is it a serious mistake . Please be frank.
subsidiaries of rbi???
What is the difference between a nationalised bank and an psb?
Please post bond amount & bond duration for po in different participating psb's in IBPS. Thanx.
An analysis of last year cut off (written + interview) PO III :
Ratio - 80:20
(Considering UR)
Written cut off - 61/200 (=30.5/100 ~ 80%= 24.4)
Provisional allotment minimum score - 42.2
To get selected one with minimum cut off score in written had to score 17.8/20 ie 87.5/100 Phew !!
On an average if one scores 50/100 ie 10/20 in interview, has to have a gud written score ie 40.25/100 ~ 80.5/200 then only will be able to score 32.2 (80% of 40.25)......
This year written cut off is 82/200 ( 41/100 ~ 80%of 41 = 32.8 )- so for those who expect an average interview (10/20) has to have a written score of more than 100/200 (50/100 ~ 80% of 50 =40 ) if at all the provisional allotment minimum score goes 50.
This analysis is purely based on hypothesis- there is no relation to any dead or living and if at all, happens to be a mere co-incidence !! 😛
Just for confirmation puys, What docs and how many xerox copies are required for interview doc verification..
any benefit of mars mission??
How many photographs required?